Annul income Rs.240000.Annual GPF cont.Rs.18000.Annual State Life Insurance.Rs.540.Rs.670 to CM's fund.?

In addition he purchased NSC of Rs.20000 & gave Rs.5000 p.a. as tution fee of his child.What is the income tax he pays during the financial year 2005-06.

Tax calculation for Male for FY:2005-06

Taxable Income:
240,000 - 44,210 = 195,790

Tax on net income:
14,158 + 283 = 14,441
****
Rs.44210= 18000+540+670+20000+5000

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